Card Delinquencies Creep Up as Consumers Rely More on Credit

American card delinquencies ticked up in June amid a downturn in charge-offs at major banks. That’s according to the latest edition of Seeking Alpha’s Credit Pulse, published Friday (July 24) and tracking monthly delinquency and charge-off rates at American Express , Synchrony , Bread Financial , Capital One , Citigroup , JPMorgan Chase and Bank of America . The report showed the average delinquency rate climbing from 2.47% in May to 2.48% in June.